Keyloggers: A Threat to Crypto Security

Keylogger is program that is often used by hackers to record keystrokes made by users.

What is a keylogger?

Keylogger or keylogger software is a spyware that is often used by hackers to record keystrokes made by users. With software and hardware keyloggers, hackers record and access a user’s sensitive information, such as bank details, account passwords, personal keys, etc., for personal gain.

Keyloggers can be used to steal digital currencies from users by recording their private cryptocurrency wallet keys or exchange passwords. You can reduce the likelihood of this risk by using a hardware wallet and activating the two-factor authentication (2FA) feature on exchange accounts, which is supported by most major cryptocurrency exchanges.

The use of keyloggers can also be legitimate. For example, system administrators can use software to track the actions of employees. Keyloggers can also be useful for law enforcement, as they can be used to track criminals and quickly send all recorded information to all offices.

In the current ecosystem, keyloggers have evolved from espionage tools often used by criminals or government organizations into a commercial market that allows the average person to purchase their own copy of keylogger software.

A common application of keyloggers is parental control, allowing parents to monitor their children’s online activities.